Listing Agency: Millennium Properties RE, Inc. Show Phone

Listed By: Daniel Hyman · License #471013658 Show Phone

Source: Exprealty

Added: Nov 13, 2023 Changed: Oct 12 Last Checked: Oct 16 at 3:18PM

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Investment Insights

Based on property information with market context.

Available for sale is a 31,079 square foot land site located in the Jefferson Park neighborhood of Chicago. This buildable lot offers high visibility and can be developed for various commercial uses. A proposed 40-unit mixed-use property with 61 parking spaces is a potential development option. The parcel benefits from convenient access to both public and vehicular transportation. This presents a significant opportunity for investors or developers.

Key Highlights

• Buildable 31,079 sq ft land site in Jefferson Park.
• Potential for a 40‑unit mixed‑use development.
• Includes plans for 61 parking spaces.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Food Market Cafe & Coffee Shop Grocery & Convenience Store Acupuncture Restaurant Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,126

Businesses Nearby

Explore this area Business Placement

Demographics for 60651, IL

62,819

Population

22,885

Households

2.7

Avg Household Size

36

Median Age

16%

College-Educated

77%

High-School Grad

3.5 sq mi

ZIP Area

17,948

Density / Sq Mi

$52,963

Median Household Income

$33,783

Median Earnings

$1,186

Median Rent

$262,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 31,079 sq ft land site in Jefferson Park.

Where is this commercial land located?

The property is located at 5700 N Central Ave Chicago, IL.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Buildable 31,079 sq ft land site in Jefferson Park.; Potential for a 40‑unit mixed‑use development.; Includes plans for 61 parking spaces.